International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Supply Chain Optimization Strategies for Enhanced Efficiency and Performance

Author(s) Sonalika Kumari, Ramesh Kumar
Country India
Abstract This article looks at supply chain optimization and what it means to make operations more efficient and effective. Supply chain management is a significant part of businesses because it ensures that materials, information, and resources move smoothly from vendors to clients. However, supply lines often need help in product management, market volatility, shipping costs, and teamwork among parties. This article aims to show how different strategies and
methods, such as inventory management, demand projections, transportation optimization, and buyer relationship management, can be used to improve supply chain operations. These tactics allow businesses to become more competitive, cut costs, improve customer happiness, and grow sustainably. This research aims to give a complete picture of supply chain optimization
methods and how they affect business performance and efficiency. By using these tactics, businesses can improve their supply chain processes, cut costs, improve customer happiness, and gain a competitive edge in the market. Practitioners and academics need to keep up with the latest trends and technologies in supply chain optimization to deal with the challenges and
opportunities in a business world that is becoming more complicated and changing quickly.
Keywords Cross-Docking, Demand Forecasting, Inventory Management, Just-in-Time, Supply Chain Optimization
Field Business Administration
Published In Volume 5, Issue 4, July-August 2023
Published On 2023-07-19
Cite This Supply Chain Optimization Strategies for Enhanced Efficiency and Performance - Sonalika Kumari, Ramesh Kumar - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.4428
DOI https://doi.org/10.36948/ijfmr.2023.v05i04.4428
Short DOI https://doi.org/gshm86
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